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Judge Valerie Caproni lifted suspension in a class action against OneCoin, the famous crypto Ponzi scheme from 12 months ago.
A order signed by the judge of New York district orders that all parties must submit a proposed calendar for the defendants to respond to the lawsuit before May 9. The court order says:
No later than May 8, 2020The parties must jointly submit a proposed timeline for the defendants to respond, dismiss, or otherwise respond to the amended complaint.
According to the documents presented on April 27, defendants David Pike and Mark Scott contested the lifting of the suspension, requesting its continuation “pending a final resolution of the criminal cases currently pending against each of them.”
Pike faces bank fraud charges, while Scott supposedly laundered 400 million dollars on behalf of the fugitive OneCoin co-founder Ruja Ignatova.
OneCoin case will proceed after plaintiff’s reports failures
The suspension Occurred after the lead plaintiffDonald Berdeaux did not meet the deadlines Monthly reporting requirements established by the court.
The reports referred to efforts to serve OneCoin executives. In February, the main plaintiff’s representation informed the court that OneCoin and Ignatova had been notified via Ignatova’s last known email address and that two other defendants would be withdrawn from the case.
There was no further correspondence with the court until judge Caproni threatened to cancel the case 12th April.
On April 21, the plaintiffs’ representative, Levi & Korsinsky LLP, asked that the suspension be lifted, stating that the plaintiffs “are prepared to proceed with the litigation expeditiously.”
OneCoin’s scheme comes out thanks to a main figure
During the month of April, reports emerged that OneCoin’s top recruiter in Vietnam, Le Quoc-Hung (also known as Simon Le) has launched an almost identical fraud, called OneLink.
He was positioned as the leading figure on the OneLink platform after OneCoin’s founders were arrested or went into hiding. Since then, He has used the platform to promote his new scheme.
It is believed that Hides you in Dubai or Vietnam.
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